As the regulatory focus on credit reporting compliance continues to increase, lenders need to do more to mitigate both the risk of compliance issues and the costs of managing credit bureau disputes. In this case study, we show how a large, super-regional bank was able to achieve a 30%+ reduction in average quarterly dispute rate (and a 70% reduction in discrepancies) after using DQS for one year.
11th Circuit Appeals Court Decision: FCRA does not require actual damages results in >$200 million potential liability
On November 6th of this year, the Court of Appeals for the Eleventh Circuit overturned a lower court’s ruling. It made clear that the Fair